Looking at the universe of stocks we cover at Dividend Channel, in trading on Friday, shares of Consolidated Communications Holdings Inc (NASD: CNSL) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.54952), with the stock changing hands as low as $25.34 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 6% would appear considerably attractive if that yield is sustainable. Consolidated Communications Holdings Inc (NASD: CNSL) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
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